President Donald Trump on Thursday took a step closer to sparking a currency war in the escalating conflict with China, saying he is not happy with the strong dollar.
Trump has pursued a policy of maximum pressure, including subjecting all Chinese goods to punitive tariffs ...

The Chinese central bank on Thursday set the yuan reference rate weaker than 7 to the U.S. dollar for the first time in 11 years and three months, deepening fears that the ongoing China-U.S. trade war will escalate into a currency conflict.
The People's Bank ...

U.S. President Donald Trump on Tuesday dismissed concerns over a protracted trade war with China, as Beijing warned that Washington's decision to label it a currency manipulator would lead to chaos in financial markets.
Trump, who announced last week he would slap a 10 percent ...

The buzz around possible U.S. currency intervention is growing louder as Goldman Sachs Group Inc. has now weighed in on an idea that has been making the rounds on Wall Street.
President Donald Trump's repeated complaints about other countries' foreign-exchange practices have "brought U.S. currency ...

MUFG Bank is expected to become the first Japanese bank to be designated as a yuan clearing bank, sources said Wednesday.
Japanese Prime Minister Shinzo Abe and Chinese President Xi Jinping are likely to reach an agreement on MUFG's designation when they meet in the ...

China's holdings of U.S. Treasuries fell for a third consecutive month in August as the Asian nation struggles to prevent the yuan from weakening amid trade tensions with America.
China's ownership of U.S. bonds, bills and notes was $1.165 trillion, down from $1.171 trillion in ...

Chinese Premier Li Keqiang said Wednesday that unilateral trade actions will not solve any problems, stressing that multilateralism should instead be upheld.
"It is essential that we uphold the basic principles of multilateralism and free trade," Li said in a speech at the World Economic ...

China's currency is set to take an increasing share of world foreign-exchange reserves, with the dollar and yen having to make the most room proportionally for the newcomer on the block, according to Goldman Sachs Group Inc.
An acceleration in foreign inflows into Chinese fixed ...

U.S. President Donald Trump accused Russia and China on Monday of devaluing their currencies while the United States raises interest rates.
"Russia and China are playing the Currency Devaluation game as the U.S. keeps raising interest rates. Not acceptable!" Trump said in a Twitter post.
Trump's ...